East Texas

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East Texas

As of December 31, 2015, our East Texas region included approximately 7,500 gross (4,500 net) acres primarily in San Augustine County, with proven reserves of 0.7 Bcfe comprised of 84% gas, and 10 gross (5.1 net) producing wells. During 2014, we drilled two gross (1.2 net) wells targeting the shallower, liquids-rich James Lime formation on our acreage in San Augustine County. We believe that the further exploitation of our acreage in the Haynesville, Mid-Bossier and James Lime formations may provide long-term natural gas reserve and production growth potential in the future; however, we do not anticipate devoting drilling capital to these formations until we see a sustained, meaningful improvement in the natural gas price environment. As of December 31, 2015, substantially all of our acreage in our East Texas region is held by production.

 

East Texas Metrics

Proved Reserves @ 12/31/15
0.7 Bcfe
% Natural Gas
86%
Average WI
51%
PV-10
$0.7 Million
Productive Wells (gross/net)
10 / 5.1
Developed Acreage (gross/net)
5,866 / 3,473
Undeveloped Acreage (gross/net)  1,649 / 1,035
   
2015 Average Daily Production (Mmcfe)  1.0
   
Key Operated Field(s):
 
San Augustine, Sabine  
   
   
Target Formation(s):  
James Lime, Haynesville Shale, Mid-Bossier
   
   
   
   
 
 

 

 

 
Tags: onshore